Enerplus (ERF) Scheduled to Post Earnings on Friday


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Enerplus (TSE:ERF) (NYSE:ERF) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, May 7th. Analysts expect the company to announce earnings of C$0.20 per share for the quarter.

Enerplus (TSE:ERF) (NYSE:ERF) last announced its earnings results on Friday, February 19th. The oil and natural gas company reported C$0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.09 by C$0.01. The company had revenue of C$195.10 million for the quarter.

ERF stock opened at C$6.90 on Wednesday. The company has a market capitalization of C$1.54 billion and a PE ratio of -1.66. Enerplus has a one year low of C$2.22 and a one year high of C$7.22. The company’s 50 day moving average price is C$6.59 and its two-hundred day moving average price is C$4.85. The company has a debt-to-equity ratio of 98.43, a quick ratio of 0.57 and a current ratio of 0.59.

The firm also recently declared a may 21 dividend, which will be paid on Friday, May 14th. Shareholders of record on Friday, April 30th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, April 29th. Enerplus’s dividend payout ratio (DPR) is presently -2.89%.

Several research analysts have commented on the stock. Tudor Pickering & Holt set a C$10.00 price target on shares of Enerplus and gave the stock a “buy” rating in a research note on Friday, April 9th. Royal Bank of Canada lifted their target price on shares of Enerplus from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Friday, April 9th. BMO Capital Markets lifted their target price on shares of Enerplus from C$6.50 to C$9.00 and gave the stock a “na” rating in a research note on Monday, March 15th. Raymond James decreased their target price on shares of Enerplus from C$10.25 to C$9.50 and set an “outperform” rating on the stock in a research note on Monday, April 19th. Finally, TD Securities lifted their target price on shares of Enerplus from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research note on Friday, April 9th. Eight investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$9.34.

Enerplus Company Profile

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.

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Earnings History for Enerplus (TSE:ERF)

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